March 15, 2020
Current to January 15, 20201
Small Business Limits
|Province||Small Business Limit2||Combined Tax Rate|
|SK3||$500,000/$600,000||11.0% / 17.0%|
1 Tax rates reflect budget proposals and news releases to January 15, 2020
2 Saskatchewan ($600,000) has a small business limit that differs from the rest of the country ($500,000)
3 In Saskatchewan, for active business income up to $500,000 the combined tax rate is 11%. For active business income ranging from $500,000 to $600,000 the combined tax rate is 17%.
4 CCPCs engaged in M&P activities in Quebec may be eligible for an additional reduction in the small-business rate.
5 CCPCs engaged in M&P activities in the Yukon may be eligible for an additional reduction in the small-business rate.
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